The Most Opportune Locations to be a Woman Entrepreneur in the U.S.

In a 2024 study published by Clarify Capital, researcher Emma Parker utilizes findings from the U.S. Census Bureau data collection to uncover “The Best Places in the U.S. for Women Entrepreneurs.” wegg® emphasizes and encourages the globalization of all women-owned businesses, and it is insightful to learn where women entrepreneurs are having the most success in the world. Highlighting the regions of the U.S. that have seen the most rapid growth of women business owners is uniquely exciting to hear about, as well. The potential of the women entrepreneur population in the U.S. is limitless!

To collate the top states for women business owners, Parker used the following criteria to analyze each location: the percentage of female-owned small businesses, the number of female-owned businesses with 500+ employees, the number of female-owned businesses with $1M+ revenue, female unemployment, and the women’s-to-men’s pay ratio. After combining all of these factors, Parker found that “California, New York, Florida, Texas, and Colorado emerged as the best environments for women-owned businesses. Florida led with the highest percentage of women-owned businesses, while Texas shone brightest with the second-highest number of women-owned businesses having 500 employees or more. These states could be great starting points for women looking to grow their businesses.”

The abstract of Parker’s article showcases these additional key takeaways:

• In terms of metro areas, New York-Newark-Jersey City, NY-NJ-PA; Los Angeles-Long Beach-Anaheim, CA; and Chicago-Naperville-Elgin, IL-IN-WI, are the best for women-owned businesses.
• North Dakota has seen the largest increase (444%) in women-owned businesses in the past 3 years. The largest decrease (-59%) occurred in Maine.
• Massachusetts had the highest average capital invested per deal ($13 million) for female-founded startups.

All of wegg’s programming is created to reach women in any country, state, city, or town, and it is bolstered by the goal of supporting and cheering on the development and progression of all entrepreneurial pursuits. No matter where you are or whatever path you are on, wegg can help!